Glossary
SBA Terms

Small Business Innovative Research (SBIR) Contract

A type of contract designed to foster technological innovation by small businesses with 500 or fewer employees. The SBIR contract program provides for a three-phased approach to research and development projects: technological feasibility and concept development; the primary research effort; and the conversion of the technology to a commercial application.

Updated on
September 9, 2022
Published on
June 20, 2018
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SBA 7a Loans

The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.
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SBA 504 Loans

SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
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SBA Microloans

The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
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SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Affiliate
Business concerns are affiliates if one concern...
Applicant/Co-Applicant
Business entity and person requesting...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
NAICS
NAICS codes are common...
Full and Open Competition
With respect to a contract action...
Subcontract
A contract between a prime cont...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Physical Loans
Funds to repair/replace dis...
S-Corporation
A form of corporation, allowed by...
Affiliates
Business concerns, organizations, or...
Business Activity
The business (or loss) activity of...
Lien
A legal claim against an...
Days Receivable
A measure of the average time a...
Federal Acquisition Regulation (FAR)
The body of regulations which is...

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